All Forum Posts by: Christian Ehlers

If you just lookup real estate classes online you'll find tons, just pick one and get started, the classes won't be super helpful once you pass the test anyways

I don't know that there was ever an issue with buying a single family with an in-law suite for 5% down conventional, unless it was maybe considered a duplex. I believe you are good to go with that plan

 That's awesome! Usually if you can that's a great route to go. More units = More opportunity to cashflow (generally speaking).

Ask the builder, he should know plenty about this and have good local contacts for you as you'll likely need a survey, soil testing and more depending on your local requirements. He might also have a lender or two as well

Agree with Julien here, don't overcomplicate it. They just want to know you plan to live in the house initially, after that you can do whatever you want.

@Shannon Green Anytime! What I suggested should be plenty to get you started. The pricing tools won't be perfect out of the gate, you have to spend a little time learning them and what prices you get booked at and which you don't but it gives a great baseline. Guesty I believe is $50/mo and Pricelabs $20/mo so you don't need anything crazy expensive.

Not a bad plan depending on your goals and risk tolerance. I bought out of state and got something that was good to go for my first one so I could Airbnb and I learned a ton along the way, however it does take longer to build equity and save up for the next deal. 

If you are happy with the return and know you're in a good area then go for it, especially if it is expected to appreciate. 

Use a servicing company, you don't want to be tracking that yourself and worrying about the details. You also don't want to forget about making a payment either so make sure you have auto-payments set up to keep your seller happy!

Logan would be right on for traditional financing options, if the property is paid off, or close to it, you can look at seller financing terms and then will just need to determine Price, Down Payment, Interest Rate, and Length of Term with the seller.

Some sellers will go for this, others won't. 

Go learn from Pace Morby, he's been on the bigger pockets podcast multiple times and is based out of Phoenix as far as I know. Go work for his or another wholesalers company instead of doing it yourself so that you can GET PAID TO LEARN, which is something I think so many underestimate when starting out, I know I did. 

Once you learn how the business works, get some experience analyzing and closing deals decide if you want to go out on your own. 

For getting deals... at the end of the day it's about helping people. Usually the house isn't even the most important variable, it's what is going on with the seller in their world and how you can genuinely help